How are GRPN long put max profit and max loss calculated?

Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the GRPN long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 73.80%), the computed maximum profit is $1,931.50 per contract and the computed maximum loss is -$167.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.

What is the breakeven for a GRPN long put?

The breakeven for the GRPN long put priced on this page is roughly $19.33 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The GRPN market-implied 1-standard-deviation expected move in the same options snapshot is approximately 21.16%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.

How does current GRPN implied volatility affect this long put?

GRPN ATM IV is at 73.80% with IV rank near 18.48%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.

GRPN Long Put Strategy

GRPN (Groupon, Inc.), in the Communication Services sector, (Internet Content & Information industry), listed on NASDAQ.

Groupon, Inc., encompassing its various subsidiary entities, operates a digital platform designed to connect shoppers with businesses. The company's operational scope is geographically segmented into two primary areas: North America and its International markets. Its business model involves facilitating the sale of goods and services provided by external merchants, alongside offering items directly from its own inventory. Access to these offerings is primarily granted to customers via its proprietary mobile applications and official websites. The organization was originally established as ThePoint.com, Inc., before officially adopting the name Groupon, Inc. in October 2008. Founded in 2008, Groupon's corporate headquarters are situated in Chicago, Illinois.

GRPN (Groupon, Inc.) trades in the Communication Services sector, specifically Internet Content & Information, with a market capitalization of approximately $841.3M, a beta of 0.22 versus the broader market, a 52-week range of 9.17-30.26, average daily share volume of 1.9M, a public-listing history dating back to 2011, approximately 2K full-time employees. These structural characteristics shape how GRPN stock options price implied volatility around earnings windows, capital events, and macro-driven sector rotations.

A beta of 0.22 indicates GRPN has historically moved less than the broader market, dampening realized volatility and producing tighter expected-move bands per unit of dollar exposure.

What is a long put on GRPN?

A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration.

GRPN snapshot

As of August 14, 2026, spot at $21.32, ATM IV 73.80%, IV rank 18.48%, expected move 21.16%. The long put on GRPN below is built from the August 14, 2026 end-of-day chain, with strikes snapped to listed contracts and premiums pulled from the bid/ask midpoint at a 35-day expiry.

Why this long put structure on GRPN specifically: GRPN IV at 73.80% is on the cheap side of its 1-year range, which favors premium-buying structures like a GRPN long put, with a market-implied 1-standard-deviation move of approximately 21.16% (roughly $4.51 on the underlying). The 35-day window matched to the front-month expiry keeps theta exposure bounded while still capturing the post-snapshot move; longer-dated GRPN expiries trade a higher absolute premium for lower per-day decay. Position sizing on GRPN should anchor to the underlying notional of $21.32 per share and to the trader's directional view on GRPN stock.

GRPN long put setup

The GRPN long put below is built from the August 14, 2026 end-of-day chain, with each option leg priced at the bid/ask midpoint of its listed strike. With GRPN at $21.32 on that close, the first option leg uses a $21.00 strike; additional legs (when the strategy has them) anchor to spot-relative offsets. Premiums come from the bid/ask midpoint on the listed GRPN chain at a 35-day expiry; the cross-strike IV skew is reflected directly in the per-leg values rather than approximated. Quantity sizing assumes one contract per option leg (or 100 GRPN shares for the stock leg in covered calls and collars).

Action	Type	Strike / Basis	Premium (est)
Buy 1	Put	$21.00	$1.68

GRPN long put risk and reward

Net Premium / Debit: -$167.50
Max Profit (per contract): $1,931.50
Max Loss (per contract): -$167.50
Breakeven(s): $19.33
Risk / Reward Ratio: 11.531

Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium.

GRPN long put payoff curve

Modeled P&L at expiration across a range of underlying prices for the long put on GRPN. Each row is one sampled price point from the computed payoff curve; the full curve uses 200 price points internally before being summarized into 10 rows here.

P&L at expiration across the modeled underlying-price range. Green shading marks profitable regions, red shading marks loss regions. Dotted purple verticals mark breakevens; the solid dark vertical marks current spot.

Underlying Price	% From Spot	P&L at Expiration
$0.01	-100.0%	+$1,931.50
$4.72	-77.8%	+$1,460.21
$9.44	-55.7%	+$988.93
$14.15	-33.6%	+$517.64
$18.86	-11.5%	+$46.35
$23.57	+10.6%	-$167.50
$28.29	+32.7%	-$167.50
$33.00	+54.8%	-$167.50
$37.71	+76.9%	-$167.50
$42.43	+99.0%	-$167.50

When traders use long put on GRPN

Long puts on GRPN hedge an existing long GRPN stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying GRPN exposure being hedged.

GRPN thesis for this long put

The market-implied 1-standard-deviation range for GRPN extends from approximately $16.81 on the downside to $25.83 on the upside. A GRPN long put expresses a directional view that the underlying closes below the strike minus premium at expiration, frequently sized to hedge an existing long GRPN position with one put per 100 shares held. Current GRPN IV rank near 18.48% sits in the lower third of its 1-year distribution, where IV often re-expands toward the mean; this favors premium-buying structures and disadvantages premium-selling structures on GRPN at 73.80%. As a Communication Services name, GRPN options can move on sector-level news flow (peer earnings, regulatory updates, industry-specific macro data) in addition to GRPN-specific events.

GRPN long put positions are structurally bearish; the modeled P&L assumes European-style exercise at expiration and ignores early assignment, transaction costs, dividends paid before expiry on the stock leg (when present), and the bid-ask spread on the listed chain. GRPN positions also carry Communication Services sector concentration risk; news flow inside the sector (peer earnings, regulatory shifts, supply-chain headlines) can move GRPN alongside the broader basket even when GRPN-specific fundamentals are unchanged. Long-premium structures like a long put on GRPN are particularly exposed to IV-crush risk through scheduled events (earnings, FDA decisions, central-bank meetings) where IV typically contracts post-event regardless of the directional outcome. Always rebuild the position from current GRPN chain quotes before placing a trade.

Frequently asked questions

What is a long put on GRPN?: A long put on GRPN is the long put strategy applied to GRPN (stock). The strategy is structurally bearish: A long put buys downside exposure with a fixed maximum loss equal to the premium paid; profit accrues if the underlying closes below the strike minus premium at expiration. With GRPN stock at $21.32 on the August 14, 2026 close, the strikes shown on this page are snapped to the nearest listed GRPN chain strike and the premiums come straight from that session's bid/ask midpoint.
How are GRPN long put max profit and max loss calculated?: Max profit equals the strike minus premium times 100 (reached at zero); max loss equals the premium times 100. Breakeven is strike minus premium. For the GRPN long put priced from the August 14, 2026 end-of-day chain at a 30-day expiry (ATM IV 73.80%), the computed maximum profit is $1,931.50 per contract and the computed maximum loss is -$167.50 per contract. Live intraday quotes will differ as the chain moves through the trading session.
What is the breakeven for a GRPN long put?: The breakeven for the GRPN long put priced on this page is roughly $19.33 at expiration, derived from the August 14, 2026 end-of-day chain's premiums. Breakeven is the underlying price at which the strategy's P&L crosses zero ignoring transaction costs and assignment risk. The GRPN market-implied 1-standard-deviation expected move in the same options snapshot is approximately 21.16%; if the move sits well outside the breakeven distance, the structure's risk-reward becomes correspondingly tighter.
When should you consider a long put on GRPN?: Long puts on GRPN hedge an existing long GRPN stock position or express a bearish view with defined risk; position sizing typically scales the put notional to the underlying GRPN exposure being hedged.
How does current GRPN implied volatility affect this long put?: GRPN ATM IV is at 73.80% with IV rank near 18.48%, which is on the low end of its 1-year range. Premium-buying structures (long call, long put, debit spreads) are relatively cheap in this regime; premium-selling structures collect less credit per unit risk.